Fresh Del Monte is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared food in Europe, Africa and the Middle East. Fresh Del Monte markets its products worldwide under the DEL MONTE® brand (under license from Del Monte Foods, Inc.), a symbol of product innovation, quality, freshness and reliability for over 125 years. The Company also markets its products under the MANN™ brand and other related trademarks. Fresh Del Monte Produce Inc. is not affiliated with certain other Del Monte companies around the world, including Del Monte Foods, Inc., the U.S. subsidiary of Del Monte Pacific Limited, Del Monte Canada, or Del Monte Asia Pte. Ltd
Company profile
Ticker
FDP
Exchange
Website
CEO
Mohammad Abu-Ghazaleh
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Corporacion de Desarrollo Agricola Del Monte S.A. • Del Monte Fresh Produce Company • Del Monte Fresh Produce N.A., Inc. • Del Monte Fund B.V. • Del Monte International GmbH • Del Monte Fresh Produce Sarl • Mann Packing Co., Inc ...
FDP stock data
News
12 Consumer Staples Stocks Moving In Wednesday's After-Market Session
3 Aug 22
Fresh Del Monte Produce Posts Mixed Q2 Earnings
3 Aug 22
Fresh Del Monte Produce Q2 EPS $0.43 Misses $0.79 Estimate, Sales $1.21B Beat $1.15B Estimate
3 Aug 22
Earnings Scheduled For August 3, 2022
3 Aug 22
Earnings Outlook For Fresh Del Monte Produce
2 Aug 22
Calendar
3 Aug 22
19 Aug 22
30 Dec 22
Financial summary
| Quarter (USD) | Jul 22 | Apr 22 | Dec 21 | Oct 21 | |
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| Annual (USD) | Dec 21 | Jan 21 | Dec 19 | Dec 18 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 15.6M | 15.6M | 15.6M | 15.6M | 15.6M | 15.6M |
| Cash burn (monthly) | 3.23M | 333.33K | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 5.33M | 549.27K | n/a | n/a | n/a | n/a |
| Cash remaining | 10.27M | 15.05M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 3.2 | 45.2 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 Jul 22 | Abu-ghazaleh Mohammad | Performance Stock Units Ordinary Shares | Grant | Acquire A | No | No | 0 | 101,672 | 0 | 101,672 |
| 15 Jun 22 | Helmuth Lutty | Performance Stock Units Ordinary Shares | Grant | Acquire A | No | No | 0 | 3,574 | 0 | 3,574 |
| 15 Jun 22 | Helmuth Lutty | RSU Ordinary Shares | Grant | Acquire A | No | No | 0 | 2,174 | 0 | 2,174 |
| 15 Jun 22 | Reyes Jorge Pelaez | Performance Stock Units Ordinary Shares | Grant | Acquire A | No | No | 0 | 2,661 | 0 | 2,661 |
| 15 Jun 22 | Reyes Jorge Pelaez | RSU Ordinary Shares | Grant | Acquire A | No | No | 0 | 1,686 | 0 | 1,686 |
| 15 Jun 22 | Tarek Ahmad Betti | Performance Stock Units Ordinary Shares | Grant | Acquire A | No | No | 0 | 2,982 | 0 | 2,982 |
| 15 Jun 22 | Tarek Ahmad Betti | RSU Ordinary Shares | Grant | Acquire A | No | No | 0 | 1,631 | 0 | 1,631 |
| 15 Jun 22 | Sergio Mancilla | Performance Stock Units Ordinary Shares | Grant | Acquire A | No | No | 0 | 2,414 | 0 | 2,414 |
| 15 Jun 22 | Sergio Mancilla | RSU Ordinary Shares | Grant | Acquire A | No | No | 0 | 1,529 | 0 | 1,529 |
Institutional ownership, Q2 2022
11.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 142 |
| Opened positions | 25 |
| Closed positions | 24 |
| Increased positions | 47 |
| Reduced positions | 54 |
| 13F shares | Current |
|---|---|
| Total value | 916.54M |
| Total shares | 31.03M |
| Total puts | 7.7K |
| Total calls | 13K |
| Total put/call ratio | 0.6 |
| Largest owners | Shares | Value |
|---|---|---|
| FMR | 5.64M | $166.53M |
| BLK Blackrock | 5.48M | $161.79M |
| Vanguard | 4.3M | $127.03M |
| Dimensional Fund Advisors | 3.64M | $107.47M |
| STT State Street | 1.3M | $38.48M |
| Boston Partners | 1.14M | $33.75M |
| Capital World Investors | 1.03M | $30.36M |
| Charles Schwab Investment Management | 795.89K | $23.5M |
| BK Bank Of New York Mellon | 742.46K | $21.93M |
| IVZ Invesco | 741.63K | $21.9M |
Financial report summary
?Management Discussion
- Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
- We are one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and marketer of prepared fruit and vegetables, juices, beverages and snacks in Europe, Africa and the Middle East. We market our products worldwide under the Del Monte® brand, a symbol of product innovation, quality, freshness and reliability since 1892. Our major sales markets are organized as follows: North America, Europe, the Middle East (which includes North Africa) and Asia. Our global sourcing and logistics system allows us to provide regular delivery of consistently high-quality produce and value-added services to our customers. Our major producing operations are located in North, Central and South America, Asia and Africa.
- Our business is comprised of three reportable segments, two of which represent our primary businesses of fresh and value-added products and banana, and one that represents our other ancillary businesses.
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Good
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New words:
advertising, appellate, denial, employment, enjoined, hearing, inclement, proxy, PSU, requisite, straight
Removed:
anticipate, employed, government, intention, safety, workforce
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
3 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
3 Jun 22
8-K
Results of Operations and Financial Condition
4 May 22
8-K
Departure of Directors or Certain Officers
16 Mar 22
8-K
Departure of Directors or Certain Officers
3 Mar 22
8-K
Results of Operations and Financial Condition
23 Feb 22
8-K
Departure of Directors or Certain Officers
22 Feb 22
8-K
Departure of Directors or Certain Officers
27 Jan 22
8-K
Departure of Directors or Certain Officers
14 Jan 22
8-K
Results of Operations and Financial Condition
3 Nov 21
Registration and prospectus
S-8
Registration of securities for employees
8 Jun 22
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Oct 20
SC TO-I/A
Issuer tender offer statement (amended)
7 Dec 14
SC TO-I/A
Issuer tender offer statement (amended)
2 Dec 14
SC TO-I
Issuer tender offer statement
2 Nov 14
S-8
Registration of securities for employees
22 May 14
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Jul 13
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Dec 11
Proxies
DEFA14A
Additional proxy soliciting materials
22 Apr 22
DEFA14A
Additional proxy soliciting materials
23 Mar 21
PRE 14A
Preliminary proxy
12 Mar 21
DEFA14A
Additional proxy soliciting materials
13 Apr 20
DEFA14A
Additional proxy soliciting materials
8 Apr 20
DEFA14A
Additional proxy soliciting materials
19 Mar 20
DEF 14A
Definitive proxy
19 Mar 20
Ownership
4
FRESH DEL MONTE PRODUCE / MOHAMMAD ABU-GHAZALEH ownership change
8 Jul 22
4
FRESH DEL MONTE PRODUCE / Mohammed Abbas ownership change
17 Jun 22
4
FRESH DEL MONTE PRODUCE / Jesus Rodriguez Calvo ownership change
17 Jun 22
4
FRESH DEL MONTE PRODUCE / Ziad Nabulsi ownership change
17 Jun 22
4
FRESH DEL MONTE PRODUCE / MONICA VICENTE ownership change
17 Jun 22
4
FRESH DEL MONTE PRODUCE / EFFIE D SILVA ownership change
17 Jun 22
4
FRESH DEL MONTE PRODUCE / Gianpaolo Renino ownership change
17 Jun 22
4
FRESH DEL MONTE PRODUCE / HANS SAUTER ownership change
17 Jun 22
4
FRESH DEL MONTE PRODUCE / TAREK AHMAD BETTI ownership change
17 Jun 22
4
FRESH DEL MONTE PRODUCE / Sergio Mancilla ownership change
17 Jun 22
Transcripts
2022 Q2
Earnings call transcript
3 Aug 22
2022 Q1
Earnings call transcript
4 May 22
2021 Q4
Earnings call transcript
23 Feb 22
2021 Q3
Earnings call transcript
3 Nov 21
2021 Q2
Earnings call transcript
4 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
24 Feb 21
2020 Q3
Earnings call transcript
28 Oct 20
2020 Q2
Earnings call transcript
30 Jul 20
2020 Q1
Earnings call transcript
29 Apr 20
Reddit threads
Daily Discussion Thread - August 16th, 2022
16 Aug 22
Daily Discussion Thread - August 15th, 2022
15 Aug 22
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
The stock market is being manipulated
29 Jul 22
(7/18) Monday's Pre-Market Stock Movers & News
18 Jul 22
(7/18) Monday's Pre-Market Stock Movers & News
18 Jul 22
Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening
13 Jul 22
Germany moves closer to gas rationing as Russia chokes supplies
24 Jun 22